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Nzdchfidea

NZDCHF short trade ideaPlan : trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
1
NZDCHF FOR A BULLISH RUN As you can see, price retraced creating a good buying opportunity. Price retraced 50% of the Fibonnaci retracement and met some solid support at this level. From this point, price has potential to carry on moving bullish to our Take profit. Price and RSI have also created bullish divergence, which we would use as confirmation. The stop loss would invalidate the trade should price move to that zone. Risk 1% and no more then 2% if you are more aggressive. Happy trading all.
Long
by Malika_Analysis